Cerity Partners LLC Sells 6,274 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Cerity Partners LLC reduced its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 60.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,168 shares of the aerospace company’s stock after selling 6,274 shares during the quarter. Cerity Partners LLC’s holdings in Huntington Ingalls Industries were worth $788,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Barclays PLC increased its holdings in Huntington Ingalls Industries by 54.1% during the third quarter. Barclays PLC now owns 137,004 shares of the aerospace company’s stock valued at $36,221,000 after buying an additional 48,113 shares during the last quarter. Virtu Financial LLC bought a new position in Huntington Ingalls Industries in the 3rd quarter worth $1,838,000. Fulcrum Equity Management lifted its position in Huntington Ingalls Industries by 3.9% during the third quarter. Fulcrum Equity Management now owns 2,114 shares of the aerospace company’s stock valued at $559,000 after purchasing an additional 79 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Huntington Ingalls Industries during the third quarter valued at about $153,000. Finally, Tidal Investments LLC increased its position in Huntington Ingalls Industries by 17.8% in the third quarter. Tidal Investments LLC now owns 2,040 shares of the aerospace company’s stock worth $539,000 after buying an additional 308 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Trading Up 1.7 %

Shares of HII stock opened at $219.22 on Friday. The stock’s 50-day moving average price is $192.53 and its 200-day moving average price is $201.98. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $285.81. The stock has a market capitalization of $8.60 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 1.15 and a beta of 0.34. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, February 6th. The aerospace company reported $3.15 EPS for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. Equities research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.46%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio is 38.68%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HII. The Goldman Sachs Group raised Huntington Ingalls Industries from a “sell” rating to a “buy” rating and lifted their price objective for the company from $145.00 to $234.00 in a research report on Friday, April 11th. Barclays dropped their price target on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $231.11.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 750 shares of Huntington Ingalls Industries stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total transaction of $142,170.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,884 shares of the company’s stock, valued at $546,691.04. The trade was a 20.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas C. Schievelbein bought 2,120 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, February 13th. The stock was purchased at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the purchase, the director now owns 7,967 shares of the company’s stock, valued at approximately $1,313,120.94. This trade represents a 36.26 % increase in their position. The disclosure for this purchase can be found here. 0.72% of the stock is owned by insiders.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.